The reserves report was released today. Current P1 (proved) as of 31.12.2025 is 27.28 MMbbls, whereas including Block G, P1 is 57.94 MMbbls. With the deal, reserves will therefore more than double! The share price still has room to rise to a clearly higher level.
Regarding the valuation and possible premium for Panoro, it should be noted that we cannot underestimate the importance of stability, let alone freight and insurance costs, compared to operators in the Gulf region and their freight costs.
In my opinion, Panoro is becoming the Star of Africa 